, Columnist
Hong Kong Billionaire Bets on a Brexit Certainty
For Li Ka-shing's CK Asset Holdings, one thing is clear: Brits aren’t going to stop drinking beer.
Pulling a pint.
Photographer: Chris Ratcliffe/Bloomberg
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The 2.7 billion-pound ($3.3 billion) offer for Greene King Plc from an investment group backed by Hong Kong billionaire Li Ka-shing is a sign one thing is certain whatever the outcome of Brexit: Brits will keep drinking beer and eating pies.
Greene King isn’t an international business pretending to be a U.K. company like Arm Holdings Plc, Inmarsat Plc, Cobham Plc or even Merlin Entertainments Plc – all of which generate most of their revenue from overseas and have received takeover offers since the referendum in 2016. The pub chain’s revenue is 100% in pounds.